Aeris Resources updates copper Reserves at Tritton

THE DRILL SERGEANT: Aeris Resources (ASX: AIS) managing director Andre Labuschagne was under siege as he decommissioned the company’s booth on Day Three of the Diggers and Dealers conference in Kalgoorlie.

The kerfuffle was the result from the company’s announcement of updated Mineral Resource and Ore Reserve Estimates for the Tritton deposit, located within the company’s Tritton copper operations in New South Wales.

The updated Proved and Probable Ore Reserve Estimates for the Tritton deposit currently stands at 6.4 million tonnes at 1.6 per cent copper for 100,000 tonne of contained copper metal.

Aeris said the new estimate represents a 32 per cent increase, (by contained metal), on the previous public reported Ore Reserve estimate from June 2015 of 4.4 million tonnes at 1.7 per cent copper for 76,000 tonne of contained copper and is after depletion by mining in the year of 28,000 tonne contained copper metal.

The increase results follow resource drilling Aeris completed early this year, which has also contributed to an update of the Mineral Resource estimate.

The Tritton deposit remains open at depth and Aeris indicated it has further resource drilling planned for when suitable underground drill locations become available.

“The updated Mineral Resource and Ore Reserve estimates for the Tritton deposit underpin an extension of the mine life at the Tritton Operations to 2023,” Aeris Resources executive chairman Andre Labuschagne said in the company’s announcement to the Australian Securities Exchange.